Serbinski Accounting Firms

Ok I see the more detailed information in chapter 6. I notice that you can elect to be a resident for the whole year. Is there any advantage for a Canadian living in the US to file as a full year resident as opposed to filing as a dual status alien?

I have looked at IRS materials, and it is not clear to me how exactly do you file for a dual status alien. Can anyone clear this up for me?

That is what I suspected. My next question would be ... Would the income from the pre-resident period be taxable or not? The reason that I ask is that if it is only the income after residency then she doesn't meet the gross income threshold required to file. It would be nice if we could avoid filing...

I have a question about whether my mother-in-law was supposed to file a 2011 tax return. An accountant at a well-known, widespread firm said that since was limited in her time in the US as a permanent resident for 2011, she did not have to file. Now I am questioning the accountant's judgement. My un...

Ok, so the interest is somehow noted on 3520/a (see past questions). How is this interest reported on 1040/1041?

One more question, who signs in the trustee spot of the 3520a, when the trustee (ING in this case) does not file the 3520a for you and in fact probably does not recognize the account as a trust?

I am trying to fill these forms out for TFSA that was owned by my deceased mother-in-law. There was interest on the account and then it was closed by executor of the will, her nephew in Canada, and the monies transferred to the beneficiary, my wife, a US citizen. It is not clear to me where on 3520 ...

Never mind, I found out that I need to file form 7004 for an extension of 1041.

Ok, looking at things it seems that I have to file an estate form 1041. Can I get an extension for that like I can the 1040?

Thank you for the help. I didn't think that I had to file a US estate form, because the estate (if one considers it as such) is in Canada, not Indiana. All the assets are Canadian ones. The will is Canadian, the executor is Canadian. There was income after the date of death, but I thought from what ...

Hi, My mother-in-law had a simple TFSA account of about $9000 CAD that accrued monthly interest. The only oddity in the account is that from February to May 2012 she had the money transferred to a TFSA short term GIC. She died in July 2013. The account was closed in August 2013 and the income transf...

I live in Indiana. As far as I can tell there is no estate here to probate. The executor of the will is her nephew in Canada. My wife is the sole beneficiary. By the way, I saw something you said in a different thread. It suggested to me that the RRIF is only taxable on the increase it made since he...

I am a US citizen, new to the intricacies of dealing with Canadian income and US taxes. My Mother-in-law became a resident of the US in 2012 and filed a US tax return for 2012. I am seeking to amend it because the tax professional who did it was unfamiliar with handling the RRIF. No form 8938 was fi...

Hi, I am hoping for some help in the confusing mass of tax information. My mother-in-law was a US resident dying in July 2013 and I am trying to do her final tax form. Her sources of income were all accounts in Canada. Some accounts easily transferred to my wife, the daughter of the deceased, becaus...